What is a decentralized exchange (DEX)?
Avalanche avatar
Written by Avalanche
Updated over a week ago

A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a decentralized network, such as a blockchain, without the need for a central authority or intermediary. It allows users to trade cryptocurrencies directly with each other, or mechanisms within such exchanges, using smart contracts to facilitate and execute trades.

In a decentralized exchange, users have control over their own funds because they retain ownership of their private keys. This means that users do not need to deposit their funds into a centralized exchange's wallet and trust the exchange to securely hold and manage assets.

Users can find a non-exhaustive list of DEXs that support the Avalanche C-Chain and its tokens here.

For any additional questions, please view our other knowledge base articles or contact a support team member via the chat button. Examples are for illustrative purposes only.

Did this answer your question?